Thursday, January 12, 2012

A Graph for Mario Draghi and the ECB to Ponder

ECB President Mario Draghi thinks he is doing a swell job. Well, maybe, but if he and the rest of the ECB governing council really want to restore robust growth in Europe they should spend some time wrapping their minds around the following figure.

Now should President Draghi and the rest of the ECB governing council get stumped they can find the meaning of this figure here.